Crude oil
U.S. crude stocks to fall further, end below year-ago levels
U.S. crude oil stocks have fallen to their lowest level this year and likely will shrink further, analysts said, as record demand, producer supply cuts, weaker futures and rising storage costs all point to increasing drawdowns.
China's refined fuel demand in H2 2023 to rise 10% year-to-year
China's apparent refined fuel demand is expected to increase by 10% year-on-year in the second half of 2023.
Russia faces domestic fuel crunch, braces for more shortages
Russia, one of the world's biggest oil producers, has faced shortages of fuel crucial for gathering the harvest in some parts of its southern breadbasket and the situation may get worse in coming months.
India's Russian oil imports fall to 7-month low, Saudi jumps - trade flows
India's imports of Russian oil fell in August to a seven-month low as refiners curbed purchases due to planned maintenance outages at some plants and lower discounts for Russian grades.
Marathon preparing to restart Garyville, Louisiana, units
Marathon Petroleum is preparing a plan to begin restarting units at its 596,000-bpd Garyville, Louisiana, refinery.
China diesel exports seen rising to over 1 MMt in September
Chinese refiners are poised to boost diesel exports in September to more than 1 MMt, drawn by lucrative margins from selling overseas and as they expect to receive more export quotas from Beijing.
PetroChina reports record interim net profit on refining surge
State-owned energy giant PetroChina reported a record-high net profit for the first half of the year, driven by increased oil and gas output and resurgent refined fuel sales.
Russia does not rule out oil export cuts in October
Russian Deputy Prime Minister Alexander Novak said that Russia may extend oil export cuts to the month of October and has fully met its obligations to reduce supply in August.
Oil edges up on U.S. crude stockpile draw, hurricane jitters
Oil prices extended gains after U.S. government data showed tighter-than-expected crude supplies in the world's biggest fuel consumer, while a hurricane in the Gulf of Mexico kept investors on edge.
Kuwait's Al Zour refinery offers first fuel oil tender since June
Kuwait's Al Zour refinery has issued a fuel oil sales tender for the first time in more than two months.
- European Commission unveils plan to drop ICE ban in the EU 12/18
- U.S. EPA expects to finalize biofuel rules in first quarter of 2026 12/18
- German cabinet approves draft biofuels law, food-based ingredient use to continue 12/18
- NextChem opens new plastic upcycling plant in Italy 12/18
- Ineos' Sir Jim Ratcliffe calls on Europe's politicians to take immediate action to protect the European chemical industry 12/18
- MB Energy expands aviation fuel supply to airlines at Copenhagen Airport 12/18
